ACE Money Transfer
ACE Money Transfer
11 Nov 2026
Whether you are supporting family in Bangladesh or sending funds for personal needs, choosing the right international money transfer method can affect the amount received and how smoothly the payment arrives. If the recipient banks with Dhaka Bank PLC, understanding its inward remittance process, SWIFT/BIC codes, correspondent banking arrangements and recipient requirements can help you prepare the payment correctly.
Dhaka Bank provides international remittance services through its banking network and overseas correspondent relationships. For people who prefer an online alternative to a traditional international bank transfer, ACE offers money transfer services to Bangladesh. ACE Money Transfer Limited is authorised by the UK Financial Conduct Authority (FCA) as an Authorised Payment Institution (FRN 506692) to provide payment services in the UK. Check its status on the FCA Financial Services Register. Available payout methods include bank deposits, cash pickup and selected mobile wallets, although the options depend on the sending country and transaction.
This guide explains how Dhaka Bank international money transfers work, which SWIFT codes and banking details may be required, how correspondent banks are involved, what fees may apply and how long a transfer can take.
Dhaka Bank PLC provides inward and outward foreign remittance services through its International Division. The division includes Financial Institutions and Remittance functions and supports international banking operations through authorised dealer branches and overseas correspondent relationships.
Dhaka Bank's International Division information lists 19 authorised dealer branches, one offshore banking unit and more than 550 correspondent relationships worldwide. The page does not specify when these figures were published. They were checked on 6 November 2026 and may change; confirm the latest figures directly with the bank.
Dhaka Bank also identifies international remittance brands such as Western Union, Ria, Xpress Money and Instant Cash Worldwide among its remittance partners. These services form part of the bank's international banking network. The bank's International Division overview provides its branch information, remittance channels and correspondent details.
For someone receiving money from abroad, an inward remittance is generally the relevant service. The sender instructs a bank or money transfer provider to transfer funds to a beneficiary in Bangladesh. Depending on the payment route, the funds may pass through one or more correspondent banks before reaching Dhaka Bank.
Dhaka Bank's cross-currency remittance arrangement with J.P. Morgan Payments supports receipts in 40 different currencies through its Xpedite Select Receipt solution. The partnership was announced on 23 April 2025. This information was checked against the bank's official announcement on 6 November 2026. Supported currencies may change, so confirm availability with Dhaka Bank before initiating a transfer. The bank's published process explains how foreign currency payments are received and processed before the beneficiary's account is credited in BDT or USD, where applicable. Its remittance information provides the currency and settlement instructions.
The bank's international banking activities also include trade finance. Trade finance services support commercial transactions such as imports and exports, while personal inward remittances are payments sent to individuals in Bangladesh. These are separate banking services, so someone sending money to support family or friends should follow the relevant personal remittance instructions rather than assume that commercial payment procedures apply.
A SWIFT/BIC code is an important part of many international bank transfers. It helps identify the financial institution or specific branch involved in a cross-border payment.
Dhaka Bank publishes DHBLBDDHXXX as the SWIFT/BIC code for its International Division. However, this should not be treated as a universal code for every Dhaka Bank branch. The bank's official branch directory lists separate SWIFT codes for its authorised dealer branches and other banking units.
Some examples from the bank's published list include:
| Dhaka Bank branch or unit | Published SWIFT/BIC code |
|---|---|
| International Division | DHBLBDDHXXX |
| Local Office | DHBLBDDH101 |
| Agrabad Branch | DHBLBDDH201 |
| Banani Branch | DHBLBDDH103 |
| Foreign Exchange Branch | DHBLBDDH107 |
| Dhanmondi Branch | DHBLBDDH109 |
| Gulshan Branch | DHBLBDDHGUL |
These examples are taken from Dhaka Bank's official authorised dealer branch and SWIFT-code directory. The correct code may depend on the beneficiary's branch, the currency being sent and the payment instructions provided by the bank.
A BIC normally contains eight characters, with an optional three-character branch identifier that can extend it to eleven characters. The eight-character part identifies the business party and its location, while the optional final characters can identify a specific branch, department or service. The SWIFT BIC standard explains this structure.
The sender should obtain the payment instructions directly from the recipient or Dhaka Bank before submitting the transaction. Depending on the currency and sending bank, the required details may include:
Recipient's full name as registered with Dhaka Bank.
Recipient's Dhaka Bank account number.
Receiving branch name and address.
Appropriate SWIFT/BIC code.
Bank's name and address.
Currency and transfer amount.
Sender's name and account details.
Payment reference or purpose of transfer, where requested.
Intermediary or correspondent bank details, where required.
A SWIFT code identifies the bank or banking unit, but it does not replace the beneficiary's account number. Both must be accurate. If the sender uses the wrong branch code or omits a required correspondent-bank instruction, the payment may need additional investigation or correction.
A traditional international bank transfer can involve several financial institutions. The sending bank may not have a direct account relationship with Dhaka Bank in the relevant currency. In that situation, correspondent banking arrangements help move the payment between institutions.
Dhaka Bank publishes currency-specific Standard Settlement Instructions (SSIs) for incoming international payments. These instructions identify the relevant correspondent banks and payment details that the remitting bank may need to include. The bank's published process for its J.P. Morgan Payments arrangement explains how foreign currency payments move through the correspondent route before reaching the beneficiary.
The person sending money provides the beneficiary's details and asks their bank to make an international payment. The sending bank prepares the payment message using the required information and currency-specific instructions.
Depending on the currency and payment route, the remitting bank sends the payment to a designated correspondent bank. Dhaka Bank's published remittance process describes the use of MT103 and MT202 payment messages for the J.P. Morgan Payments arrangement.
Under the published J.P. Morgan process, foreign currency funds are received by the correspondent bank and converted into US dollars before being credited to Dhaka Bank's designated account.
After the correspondent bank credits the designated account, Dhaka Bank processes the receipt according to the payment instructions and beneficiary information.
Dhaka Bank credits the funds to the recipient's account in BDT or USD, where applicable. The final currency depends on the payment arrangement and the beneficiary account's eligibility.
Dhaka Bank's published inward remittance process provides the steps and currency-specific instructions for this arrangement. The exact correspondent bank, intermediary details and payment-message fields can differ by currency, so the sender should use the instructions that match the payment rather than copying details from an unrelated transfer.
Dhaka Bank's published Standard Settlement Instructions list different correspondent banks for different currencies. Examples include:
| Currency | Correspondent bank listed by Dhaka Bank |
|---|---|
| USD | J.P. Morgan Chase Bank, New York |
| GBP | Standard Chartered Bank, London |
| EUR | UniCredit, Italy; Commerzbank, Frankfurt; Standard Chartered Bank, Frankfurt |
| CAD | Commerzbank, Frankfurt |
| AUD | Commerzbank |
| JPY | Standard Chartered Bank, Tokyo |
| SAR | Al Rajhi Bank, Saudi Arabia |
These are examples from the bank's published settlement instructions, not a guarantee that every payment in a particular currency will use the same route. The sender's bank should confirm the correct correspondent details for the transaction.
Dhaka Bank has also announced a collaboration with J.P. Morgan Payments to implement Xpedite Select Receipt for cross-currency payments. The bank’s announcement of its partnership with J.P. Morgan describes the Xpedite Select Receipt solution as supporting inward payments in 40 currencies and identifies Wire 365 as a facility that allows USD payments to be processed on US holidays and weekends.
ACE provides an online service for people who want to transfer money to Bangladesh from supported sending countries. Customers can arrange a transfer through the ACE website or mobile app and select from the payment and payout methods available for their transaction.
The Bangladesh service page lists bank deposits, cash pickup, mobile wallets and airtime top-ups among the available receiving categories. Supported mobile wallets include bKash, Rocket through Dutch-Bangla Bank and Nagad. ACE's Bangladesh transfer page provides the available receiving options and transaction information.
However, the availability of bank deposits does not automatically confirm that every bank or branch is supported. Customers who specifically want to send money to a Dhaka Bank account should check whether the bank appears in the available payout options.
The general process for sending money online through ACE involves the following steps:
Create an account or sign in. Use the official ACE website or mobile application and complete the required profile information.
Select Bangladesh as the destination. Choose the country and enter the amount you want to send.
Choose a payout method. Review the available options, such as bank deposit, cash pickup or mobile wallet.
Enter the recipient's information. Provide the details requested for the selected payout method. For a bank deposit, check the beneficiary's name, bank and account information.
Review the transfer. Check the currency pair, exchange rate, transfer fee and expected amount the recipient will receive. Exchange rates fluctuate and the rate you receive may differ from any rates quoted. Always check the live rate at acemoneytransfer.com before sending.
Complete payment. Select an available payment method and follow the instructions to submit the transaction.
Keep the reference number. Retain the transaction confirmation so you can check the payment status or contact customer support if necessary.
ACE's online transfer process requires customers to select a destination, payout option and beneficiary before confirming the payment method. The provider's official transfer guidance explains these steps.
ACE supports payment methods that can include debit cards, credit cards and online bank transfers. Other digital payment options may be available depending on the sending country. Customers should use the payment methods displayed during their transaction rather than assume that every option is available in every location.
Important: ACE's Bangladesh service page does not confirm that every Dhaka Bank account is available for direct deposit. Check the live payout options for your sending country before paying for the transaction. If Dhaka Bank is not listed, contact ACE to ask whether another supported receiving route is available.
The most suitable international transfer method depends on the sender's location, the recipient's preference, the currency and the available payment route.
A sender can ask their bank to arrange an international wire transfer to a Dhaka Bank account. This method may be suitable when the sender wants to transfer funds directly from an overseas bank account.
The sending bank may require the recipient's account details, the appropriate SWIFT/BIC code and any intermediary-bank instructions. For some currencies, Dhaka Bank's published settlement instructions specify the correspondent bank and the payment-message information required.
Before sending, ask the bank whether it can process the currency pair and whether additional correspondent or intermediary charges may apply.
ACE offers bank deposits to Bangladesh, subject to the available payout options for the transaction. A bank deposit can be useful when the recipient wants funds credited to a bank account rather than collecting cash.
The sender should select the intended bank from the available list and enter the requested beneficiary details. If Dhaka Bank does not appear as an option, the sender should not enter another bank's details as a substitute.
Cash pickup may be suitable for recipients who do not want to receive funds directly into a bank account. ACE's Bangladesh service information states that recipients need the transaction number or PIN and valid identification to collect the money from an available payout location.
The recipient should follow the collection instructions provided for the transaction and check the required identification before visiting the payout location.
Mobile wallets provide another way to receive money in Bangladesh. ACE lists bKash, Rocket and Nagad among its supported wallet options.
A mobile wallet transfer is different from a bank deposit. The money is sent to the eligible wallet rather than directly to a Dhaka Bank account. This option may be useful when the recipient prefers to access funds through a mobile financial service.
The sender should check the wallet name, mobile number and transaction limits before confirming the payment.
The cost of an international money transfer can include more than the fee charged by the sending bank or provider. Depending on the payment route, charges may be applied by correspondent banks, intermediary institutions or the receiving bank.
Dhaka Bank's January 2026 Schedule of Charges lists foreign remittance-related services, including foreign currency draft services, foreign currency cheque collection and foreign telegraphic transfers. The bank identifies the published foreign remittance charges as exclusive of VAT.
Dhaka Bank's January 2025 Schedule of Charges lists the charge for encashment of a foreign telegraphic transfer (TT) as free. This information was checked on 6 November 2026. The bank may revise its fees, and other charges, including intermediary bank charges, may apply.
This is an important distinction: the published fee for encashing a foreign TT is not the same as saying that every international transfer is free of all possible costs. The sending bank or intermediary institution may still apply charges depending on the payment route.
According to Dhaka Bank PLC’s January 2026 Schedule of Charges, under section 3.3, “Foreign TT Related Service Charges”, the bank applies the following charges to outgoing foreign-currency remittances sent through a foreign correspondent by SWIFT or telegraphic transfer.
| Remittance amount equivalent in BDT | Published charge |
|---|---|
| Up to BDT 100,000 | BDT 100 |
| Above BDT 100,000 to BDT 500,000 | BDT 200 |
| Above BDT 500,000 to BDT 1,000,000 | BDT 300 |
| Above BDT 1,000,000 | BDT 500 |
The bank's tariff also states that correspondent bank charges and SWIFT charges are payable at actual cost. These are charges for the outgoing service described in the bank's schedule. They should not be presented as a fee for receiving every international transfer into a Dhaka Bank account.
The same tariff lists charges for foreign currency drafts, cheque collection and foreign currency encashment certificates.
| Service | Published charge |
|---|---|
| Collection of a foreign currency draft | BDT 700 plus SWIFT charge at actual |
| Cancellation of a foreign currency draft | BDT 200 per instrument |
| Foreign currency cheque collection within Bangladesh | 0.10%, minimum BDT 150 and maximum BDT 1,000 |
| Foreign currency cheque collection outside Bangladesh | 0.10%, minimum BDT 500 and maximum BDT 2,000, plus courier charge |
| Issuance of a foreign currency encashment certificate | BDT 500 per certificate |
These services are distinct from a standard inward bank transfer. Customers should confirm which fee applies to their specific transaction rather than using a draft or cheque collection charge as an estimate for a telegraphic transfer.
The charges in these tables are taken from Dhaka Bank's January 2026 Schedule of Charges. Customers should check the latest published tariff before arranging a transaction, as charges and service conditions can change.
The exchange rate determines how much the recipient receives after the sending currency is converted. For example, a sender transferring GBP to Bangladesh may have the funds converted through USD before the beneficiary receives BDT, depending on the payment arrangement.
The currency pair, correspondent-bank process and conversion terms can all affect the final amount. A transfer may also involve charges that are separate from the advertised fee.
Before confirming payment, compare:
The amount being sent.
The exchange rate being applied.
The transfer fee.
The expected amount the recipient will receive.
Any correspondent or intermediary-bank charges.
Any receiving-bank charges that may apply.
For an ACE transfer, review the quote shown for the selected sending country and payout method. For a traditional international bank transfer, ask the sending bank whether intermediary charges will be deducted from the payment or charged separately.
The processing time for a Dhaka Bank international money transfer depends on the sending bank, currency, correspondent-bank arrangements, payment cut-off times and the accuracy of the beneficiary details.
A traditional SWIFT transfer may pass through one or more correspondent banks before the receiving bank can credit the beneficiary. The time required can therefore differ between currency pairs and payment routes. Dhaka Bank's published settlement instructions show that the correspondent arrangements can vary according to the currency involved.
ACE provides separate general delivery estimates for its payment methods:
Debit or credit card: Most transactions are completed within minutes, but delivery times vary by destination, payout method and any required checks. Some transfers may take one to two banking days or longer. These timeframes are estimates and are not guaranteed.
Online bank transfer: Transactions generally take one to two banking days.
These are general ACE estimates, not guarantees for every transfer or payout method. The delivery time shown during the transaction should be treated as the relevant estimate for the specific payment. ACE also identifies incorrect beneficiary information, time-zone differences, bank working hours, public holidays and additional verification as factors that can affect delivery.
A payment may take longer than expected for several reasons:
Incorrect beneficiary name or account number.
Incorrect SWIFT/BIC code or missing branch information.
Missing correspondent-bank instructions.
Additional identity or transaction verification.
Bank cut-off times or non-working days.
Weekends and public holidays in the sending or receiving country.
Delays at an intermediary or correspondent bank.
Technical interruptions affecting a participating financial institution.
To reduce avoidable delays, confirm the recipient's details before submitting the payment and provide any requested supporting documents promptly.
The tracking process depends on how the payment was sent.
For a traditional bank-to-bank transfer, the sender should contact the sending bank and provide the transaction reference or payment confirmation. The bank may be able to investigate the payment and request a trace if it has not reached the beneficiary.
For an ACE transaction, customers can check the status through their account or app using the available transaction information. ACE's tracking guidance explains that customers can review transaction history or use its online tracking facility. The displayed status can indicate whether the transaction is awaiting funds, under review, ready for cash collection, sent for bank payout or credited to the beneficiary.
If the expected delivery time has passed, the sender should contact the service that initiated the transfer. The recipient may also contact Dhaka Bank if the sending institution confirms that the funds have reached the receiving bank but the account has not been credited.
Keep the following information available when requesting an update:
Transaction reference or payment number.
Date and amount of the transfer.
Sending currency and receiving currency.
Sender's name.
Recipient's name and account number.
Sending bank or remittance provider.
Payment confirmation or receipt.
A few checks before making an international payment can help prevent incorrect transfers and unnecessary delays.
Do not assume that DHBLBDDHXXX applies to every Dhaka Bank branch. Check the bank's official branch instructions and use the code required for the receiving account and payment route.
Some international payments require additional information about the correspondent or intermediary bank. This is particularly important when sending a specific foreign currency. Ask Dhaka Bank or the sending bank for the relevant instructions before submitting the payment.
Confirm the recipient's full name, account number and branch information. Ensure that the details match the bank's records and the requirements of the sending institution.
Look beyond the advertised transfer fee. Check the exchange rate, the amount the recipient should receive and whether correspondent or intermediary charges may apply.
Arrange the payment through the official website, app or branch of the relevant bank or money transfer provider. Avoid unsolicited links or messages asking you to provide banking passwords or one-time passcodes.
Save the transaction confirmation, reference number and any correspondence with the bank or provider. These records can help if you need to track or investigate a delayed transfer.
Banks and remittance providers may request identity documents or additional information to verify a payment. Submit documents only through the official channels of the institution handling the transaction. Never share account passwords or one-time passcodes with someone claiming to release your funds.
Dhaka Bank publishes DHBLBDDHXXX for its International Division. However, it also lists branch-specific SWIFT/BIC codes for its authorised dealer branches. Confirm the correct code with the recipient or the bank before arranging the transfer.
Yes. Dhaka Bank provides inward foreign remittance services and publishes instructions for receiving international payments through correspondent banking arrangements. The sender must provide the correct beneficiary details and follow the relevant currency and payment-route instructions.
ACE offers bank deposits to Bangladesh, but this does not automatically mean that every Dhaka Bank account is supported. Check whether Dhaka Bank appears as an eligible receiving bank for your sending country and transaction before completing payment.
The sender will generally need the beneficiary's full name, Dhaka Bank account number, receiving branch details and appropriate SWIFT/BIC code. Depending on the currency and sending bank, correspondent-bank instructions, payment references or additional information may also be required.
Dhaka Bank publishes inward remittance instructions for more than 40 global currencies. The currency conversion and final crediting arrangements depend on the currency, correspondent route and beneficiary account. Confirm the applicable instructions with the bank before sending.
Dhaka Bank's January 2026 Schedule of Charges lists the encashment of an incoming foreign telegraphic transfer as free. It also lists separate charges for outgoing SWIFT/TT remittances, foreign currency drafts, cheque collection and other services. Correspondent and SWIFT charges may apply to outgoing payments.
Processing times depend on the sending bank, currency, correspondent arrangements, payout method and any required verification checks. Traditional international bank transfers may take longer if intermediary banks or additional checks are involved. ACE's general estimates indicate that most card-funded transactions are completed within minutes, while online bank transfer payments generally take one to two banking days. These are estimates, not guaranteed delivery times. Actual timing may vary depending on the destination, payment method and transaction checks.
Dhaka Bank lists outward foreign remittance services through overseas correspondents. However, sending money abroad from Bangladesh may be subject to applicable foreign exchange regulations, permitted payment purposes and supporting-document requirements. Customers should contact the bank to confirm whether their intended transfer is permitted and which documents are needed.
A transfer may be delayed because of incorrect account information, an unsuitable SWIFT/BIC code, missing intermediary-bank details, additional verification, banking cut-off times, weekends or public holidays. Contact the sending bank or provider with the payment reference if the transfer has not arrived within the expected timeframe.
Arranging a Dhaka Bank international money transfer requires accurate beneficiary information and the correct payment instructions. Although DHBLBDDHXXX is published for the bank's International Division, branch-specific SWIFT/BIC codes are also available, and the appropriate details can depend on the receiving branch and currency.
Dhaka Bank's correspondent banking arrangements support inward remittances in multiple currencies, while its published schedule distinguishes between incoming foreign TT encashment and charges for other foreign remittance services. Before sending money, confirm the correct SWIFT code, follow the relevant correspondent-bank instructions, and check the exchange rate, fees and expected delivery time.
Disclaimer: This article is intended for general informational and educational purposes only and should not be construed as legal, regulatory, tax, business, or financial advice. While reasonable efforts have been made to ensure that all facts, figures, and data are accurate and valid as of the date of publication, no warranty or guarantee is given as to the ongoing completeness, accuracy, or currency of the information.
The content is based on information available at the time of publication. Regulations, government policies, market conditions, and service offerings may change over time and vary across jurisdictions and providers. As a result, some information may no longer be current or applicable. Readers should independently verify all information and consult qualified professional advisors before making any financial, legal, or business decisions.
